Producers of metals and other raw materials rose after strong U.S. economic data.
Consumer confidence unexpectedly surged in December, boding well for economic activity.
"The simplest way to look at it is as long as the unemployment rate remains low and people have jobs, a recession is most likely going to be very mild," said Oliver Pursche, senior vice president at financial advisory Wealthspire.
U.S. net farm income is set to rise to $160.5 billion this year, boosted by increased prices of commodities from wheat to milk, according to a key U.S. Department of Agriculture forecast in December.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
12-21-22 1644ET
